Tag Archives: Jim Buckmaster
Craigslist Makes About $36 Million Annually From Prostitution Ads [ESTIMATE]
Classifieds website Craigslist will be seeing their revenue increase 22%. One of the reasons for the substantial revenue increase is because of ads used for illegal ends according to The New York Times. These ads are expected to bring in about $36 million this year according to a projection. The projections were provided by The Advanced Interactive Media Group (AIM). The estimate was based on the number of sex ads counter on Craigslist over the month of February and the fees associated with them. Each sex ad costs $10 initially and $5 for re-posts.
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Categories craigslist, Jim Buckmaster, The AIM Group
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Former eBay CEO Meg Whitman “Could Be A Monster” Says Craigslist CEO
Craigslist CEO Jim Buckmaster was in court today discussing a conflict with eBay Inc. (NASDAQ:EBAY). eBay bought 25% of Craigslist from a former Craigslist executive. Since then eBay launched an eBay competitor called Kijiji and Craigslist attempted to dilute the auction company’s shares in the company.
Craigslist CEO Jim Buckmaster said that he received an e-mail from eBay executive Garrett Price as a warning when dealing with former eBay CEO Meg Whitman.
“He said he needed to tell me there were two Meg Whitmans,” said Buckmaster in court. “We had met and reached an agreement with Good Meg. There was another Meg, an Evil Meg. We would be best served to know that Meg could be a monster when she got angry and frustrated.”
Craigslist claims that eBay promised not to start their own Craigslist competitor before starting Kijiji and acquiring several classifieds companies.
Categories craigslist, eBay, Garrett Price, Jim Buckmaster, Meg Whitman
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Craigslist Eliminates Erotic Service Ads
Last month Philip Markoff, also known as the “Craigslist killer” was charged for using the classifieds website to lure erotic masseurs and then either robbed them or murdered them. In March 2009, Craigslist said that erotic ads were down 90-95% in 12 months after the Cook County sheriff decided to sue the classifieds website. And last November Craigslist tried to eradicate the erotic advertisements by actually charging prostitutes to place ads on their website. Rather than trying to discourage people from posting within the erotic services section, they have gotten rid of it altogether.
Basically, they have just gotten rid of the use of the word “erotic” in the classifieds websites. Going forward, similar services will be appearing in an adult section which will be closely monitored by Craigslist staff. Posting in the adult section will cost $10 and $5 for reposting.
“Community moderation as exemplified by our flagging system is arguably the most successful system ever conceived for eliminating inappropriate activity from a massive internet community. Working in tandem with various other protective technologies, it is an inescapable force to be reckoned with for anyone set on abusing free internet communications across a broad array of posting types,” wrote Craigslist CEO Jim Buckmaster.
Categories craigslist, Jim Buckmaster
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